San Diego CA  home offered at $2,100,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

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2328 2nd Ave
San Diego, California CA 92101
Sold For: $2,100,000
Listing ID: 220022776SD
Status: Closed
Sold Date: 12/02/2022
Year Built: 1924

Major Price Reduction of 15%!!! This property is a must see. Interior Condition is above average. 3 or possible 4 units will be delivered empty at the close of escrow allowing an investor to start with a blank slate to either rent out immediately or upgrade to achieve $2800-$3000/unit in rental income. This well-maintained 4-unit Garden Style Apartment Building is located in Banker’s Hill. The property is minutes from downtown San Diego and only a few blocks away from the world-renowned Balboa Park. Long-term ownership has taken excellent care of the property with little to no deferred maintenance for a new owner. The property underwent a $200,000 renovation in 2006 that included installing new electrical, plumbing, and exterior paint. All 4 units are 1 Bedroom/ 1 Bath about 813 SqFt. In the current condition, we feel confident that a new owner can rent each of the 1 BR units for around $2,700/month. Each unit offers larger-than-average floorplans for 1BRs as well as in-unit Washer & Dryer Hookups. Exterior: Wood/Stucco Number of Furnished Units: 0

Primary Features

County: San Diego
Price Reduction Date: 2022-12-05T19:48:08+00:00
Property Type: Residential Income
Year Built: 1924

Interior

Cooling: no
Cooling Type: None
Levels: Two
Number With Range: 4
Number With Refrigerator: 4
Stories Total: 2

External

Fence: yes
Fencing: Partial
Lot Size Source: Other
Number Of Buildings: 1

Location

Country: US
MLS Area Major: 92101 - San Diego Downtown
Neighborhood: Bankers Hill
Street Number: 34

Additional

Days On Market: 70
List Agent State License: 01427348
List Office State License: 00530854
Number Of Units Total: 4
Parcel Number: 5331820800
Senior Community: no

Financial

Cap Rate: 3.98
Gross Scheduled Income: 127200
Net Operating Income: 89455

Zoning Info


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Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listed by: Thomas McCartin, DRE #01427348 from Marcus & Millichap 858-373-3100

Contact - Listing ID 220022776SD

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

Data services provided by IDX Broker
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